How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8 percent compounded annually? $117,817.20 or $454,144.00 or $112,817.

How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8 percent compounded annually? $117,817.20 or $454,144.00 or $112,817.20 or $549,144.

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How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8 percent compounded annually? $117,817.20 …

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